Job Overview
As a member of our Rating team, the Actuarial Math Rating Analyst is responsible for implementing actuarial formulas in our application. They work with our clients’ actuaries and underwriters to understand and refine the algorithms used to calculate claim and premium rates; they design an implementation of those algorithms within the framework of our software; and then they code that design using our custom MATH programming language, along with other elements of our Java-based software infrastructure. They also test and monitor the rating for accuracy, fast performance, and maintainability.
Key Role and Responsibilities
- Work directly with our clients to understand and document insurance rating formulas in the form of spreadsheets, code, and written documentation
- Work with our Business Analysis and Development teams to refine rating algorithms and design their implementation in our software
- Program, test, and optimize rating formulas and algorithms
- Develop knowledge of actuarial operations and the insurance business, including rating and formula handling, underwriting, and product development
- Analyze problems and work closely with both internal and external stakeholders to develop solutions
- Make recommendations to management regarding timelines and best practices
- Work collaboratively with the entire Global IQX team to continually improve processes
All About You
- University degree in Computer Science, Mathematics, Actuarial Science, or a related field
- Equivalent skills gained through work experience may also be considered
- Experience with Java and the Eclipse IDE
- Fluency in Microsoft Excel spreadsheets and formulas
- Strong mathematical, logical, analytical, and problem-solving skills
- Excellent written and verbal communication
- Ability to work both autonomously and as part of a team
- Proactivity and self-motivation
- Inquisitiveness and ability to learn quickly
- Experience with VBA and/or functional programming
- Completion of first-level SOA/CAS actuarial exams
Majesco's software for core insurance functions include Policy Administration, Underwriting, New Business Processing, Billing, Claims, Product Modeling, Incentive Compensation and Producer Life cycle Management. Additionally, Majesco offers consulting and insurance specific IT services for testing, data conversion, data-warehousing/BI, mobility, enterprise integration and BPM. Majesco specializes in connecting people and business to insurance in ways that are innovative, hyper-relevant, compelling and personal. Our technology, expertise and leadership helps insurers modernize, innovate and connect to build the future of their business – and the industry – at speed and at scale.
Canada
